10/71 Williams EsplanadePalm Cove QLD 4879
Property Details for 10/71 Williams Esp, Palm Cove
Last Listing description (June 2026)
An exceptional opportunity to secure two fully-leased, high-performing commercial strata investments in Palm Cove's newest and most prestigious development, Shara. Positioned prominently on the beachfront, this architectural standout is home to elite tenants and offers investors secure returns in a tightly held tourism and lifestyle location.
- High-quality tenants including an international retail anchor
- Secure leases with fixed annual increases
- Premium Palm Cove location absolute beachfront and high pedestrian exposure
- Inspect: by appointment only
Available together or separately:
Lot 9 (71A Williams Esp)
Tenancy: Rip Curl retail store
121m2 + 14m2 car park
Lease term: 5 years from 09/06/26
Current gross rent: $89,232 + GST
Rent reviews: 4% per annum increase (market review June 2026)
Outgoings by tenant: Nil
Body Corporate: $2,294.50
Council Rates: $11,504.35
Net income: $75,433.15 + GST
Lot 10 (71D Williams Esp)
Tenancy: Hairdresser
62m2 + 14m2 car park
Lease term: 4 years, 2 months from 09/01/2023 08/03/2027
Option: 1 x 3-year
Current gross income: $46,617.59 (Rent: $38,526.59 + Outgoings: $8,091) +GST
Rent reviews: 4% per annum increase (next increase June 2026)
Net income: $38,526.59 + GST
Property History for 10/71 Williams Esp, Palm Cove, QLD 4879
- 21 May 2026Listed for Sale $575,000
- 09 Apr 2026Sold for $575,000
- 25 Jan 2023Listed for Sale Contact Agent
Recent sales nearby
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About Palm Cove 4879
The size of Palm Cove is approximately 3.6 square kilometres. There are 11 parks, covering nearly 24.5% of the total area. The population of Palm Cove in 2016 was 2059 people. By 2021 the population was 2450 showing a population growth of 19.0% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation.In 2021, 66.80% of the homes in Palm Cove were owner-occupied compared with 57.10% in 2016.
Palm Cove has 2,884 properties. Over the last 5 years, Houses in Palm Cove have seen a 72.29% increase in median value, while Units have seen a 90.40% increase. As at 31 May 2026:
- The median value for Houses in Palm Cove is $1,243,511 while the median value for Units is $619,124.
- Houses have a median rent of $878 while Units have a median rent of $578.
Suburb Insights for Palm Cove 4879
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